Gold traded at a four-month high on Monday amid growing demand for safe-haven assets and uncertainty surrounding US monetary policy.
The price of gold on the spot market rose 0.9% to $3,475.94 per ounce, its highest level since April 22. December futures for the precious metal on Comex rose 0.8% to $3,542.6 per ounce, according to trading data.
Analysts attribute the rise in gold prices to investor concerns about the independence of the Federal Reserve (Fed), uncertainty over US tariffs, and the upcoming release of the August US employment report.
